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+--- Thread: Motor vehicle partly for personal and business (/thread-motor-vehicle-partly-for-personal-and-business)
Motor vehicle partly for personal and business - [email protected] - 10-30-2009
Where the motor vehicle is used by the employee partly for his personal and partly for business purposes then 5% of vehicle cost is included in taxable income of employee using it.
Please anybody tell me if employee is using this vehicle for some years. then either every year 5% of Orginal Cost is Taxable or 5% of WDV?